Myriad Genetics Full Year 2023 Earnings: EPS Misses Expectations
Myriad Genetics (NASDAQ:MYGN) Full Year 2023 Results
Key Financial Results
Revenue: US$753.2m (up 11% from FY 2022).
Net loss: US$263.3m (loss widened by 135% from FY 2022).
US$3.18 loss per share (further deteriorated from US$1.39 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Myriad Genetics EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%.
Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 5.7% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Myriad Genetics that you should be aware of.
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